gelinshidong
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January 10, 2019, 12:03:21 PM |
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Yes, the price of Bitcoin affects the entire cryptocurrency market. If you observe more, you will find that if Bitcoin - 5% other altcoins will become -10%, and some bad altcoins - 20%. This is enough to prove that Bitcoin is the strongest coin.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Svarora
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January 10, 2019, 12:19:16 PM |
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These coin are so much powerful that any positive sentiment on these coin will also make other coin move forward. As many coin have raise their fund through these coin that any impact on them will directly affect these coin
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last7minutes
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January 13, 2019, 03:13:44 PM |
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I am not sure that the prices of altcoins have some connection with Ethereum prices but they definitely depend on Bitcoin. The recent events on the market have shown that when BTC is falling the alts are losing their price.
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lamadu3
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January 19, 2019, 07:42:56 PM |
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As I see, the prices of all the altcoins depend on Bitcoin. When BTC is growing, the alts are gaining also, and vice versa. I think that this situation will remain for a very long time, maybe even for years.
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sulendra12
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January 19, 2019, 08:03:31 PM |
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exactly, like stablecoin or some other altcoin that doesn't affected by the price of BTC and ETH, its price only affects because FUD makes it panic sell.
What are you talking lol? Even though it's stable like you said, it doesn't mean those coins don't get affected by any factor because that's how we determine the price. |
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Skroojee
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January 19, 2019, 08:17:18 PM |
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Most tokens depend on the Ethereum price, and Ethereum in turn is very much dependent on Bitcoin, so I think Yes, the market depends on these two coins.
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deepakg2m
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January 19, 2019, 08:26:45 PM |
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May be yes. As we all know that popularity and potential of BITCOIN and ETHEREUM has made them the leaders of crypto world. So directly or indirectly there is a connection between the rise and fall of prices of other coins with that of BITCOIN and ETHEREUM.
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alarsincoin
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January 19, 2019, 08:27:22 PM |
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The price of alternative coins depends entirely on the price of Bitcoin. I think that each of us could notice this. During a strong fall of Bitcoin, alternative coins are bleeding.
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WalterGarrison
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January 19, 2019, 08:28:20 PM |
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Biggest part of all crypto yes. But some don't mind almost. For example exchange tokens/ Almost all of them above ICO price. So can recomend o join ICO and bounty from a Huobi Russia. From a giant Huobi Global. All exchange tokens only gave a growth. So you can be sure to get a good profit in a future.
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reza7777
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January 19, 2019, 08:43:00 PM |
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indeed altcoin is based on both but here most influential is BTC because ETH also pegs to BTC to go up or down. if BTC experiences price increase, 90% of altcoin will also experience price increases
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btccrusher
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January 19, 2019, 09:28:52 PM |
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Of course, altcoins price depends on BTC price along with some other factors. Since most altcoins are tied with BTC trading pair, all of their prices keep following the BTC trend. Also, the project factors have a huge impact on altcoins price.
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akram143
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January 19, 2019, 09:36:18 PM |
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indeed altcoin is based on both but here most influential is BTC because ETH also pegs to BTC to go up or down. if BTC experiences price increase, 90% of altcoin will also experience price increases
Yes each and every cryptocurrency Innova blockchain system will depends on its own popularity and own development so it cannot be joined by any other currency at any time while Bitcoin and ethereum will reduce it will not affecting for any other cryptocurrency. |
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Felipeo
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EOSABC
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January 19, 2019, 09:36:31 PM |
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Not all the price depends on bitcoin or ethereum. But Bitcoin and Ethereum specially Bitcoin's price is very effective for altcoins. Cause most of the altcoins are paired with bitcoin. And some of them are paired with both. So whenever we saw ups and downs in bitcoi's price alts also move. And Bitcoin is the core of the whole market. More than 50% of the marketcap is on bitcoin.When Bitcoin goes up alts normally bleed. And if bitcoin goes to much down then also altcoin bleeds.If price of bitcoin stay stable then we saw very good growths in almost every mid and low cap coins.
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dosSantos
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January 19, 2019, 09:46:26 PM |
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All coins begin to fall very much at a time when the price of Bitcoin falls. Most likely investors do not trust alternative coins at this moment.
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Coffeehot
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January 20, 2019, 06:32:55 AM |
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Obviously, the price of altcoins depends on bitcoin. includes ether. u can carefully study the price changes of Bitcoin, on the eve of the bear market and the bull market.
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Snaic
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January 20, 2019, 06:48:07 AM |
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Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
The price of cryptocurrency depends only on the price of bitcoin. Bitcoin price dominates other types of cryptocurrency based on the fact that it has the highest level of capitalization. More than half of the total cryptocurrency capitalization falls to its share. The price of ethereum also depends on the price of bitcoin. Certain types of cryptocurrency, including ethereum, can grow in price in a certain small range, based on the characteristics of their project or not always in time to repeat the price movements of Bitcoin. However, such fluctuations are usually minor. |
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vanjava
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January 20, 2019, 07:23:29 AM |
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what I see so far the price of alt coins is very dependent on ETH and also bitcoin, a few weeks ago I had alt coins and the price when it went up along with the price of bitcoin. but there are also alt coins that don't depend on the price of bitcoin and ethereum.
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kcgomez09
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January 20, 2019, 07:26:03 AM |
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yes sometimes it depends to bitcoin and ethereum some trends affect the price of the altcoin but if the project had a solid support and progressive project it can stand alone no matter what happens to bitcoin and ethereum
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Helpme_please
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January 20, 2019, 07:36:43 AM |
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as major currency in market bitcoin and ethereum give psychology pressure to other cryptocurrency.much people consider if bitcoin and altcoin rise altcoin will rise too, vice versa.except that altcoin has strong fundamental that make investors and trader interested to buy that coins/token.
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Vitaly2142
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January 20, 2019, 08:34:33 AM |
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Biggest part of all crypto yes. But some don't mind almost. For example exchange tokens/ Almost all of them above ICO price. So can recomend o join ICO and bounty from a Huobi Russia. From a giant Huobi Global. All exchange tokens only gave a growth. So you can be sure to get a good profit in a future.
If Huobi Russia repeats the success of the Chinese exchange at least a little, it will be very cool. I’m ready to take a chance and invest in this project. |
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